While the economic outlook remains clouded, there are several factors that make US high yield bonds attractive, especially compared to private credit. The highest yields in over a decade, a lack of supply and strong demand, combined with solid overall credit fundamentals, may provide investors in high yield a cushion from the potential risks in an uncertain macro environment. Meanwhile, defaults on private debt have been running about twice that of public market bonds. For us, the choice is clear and we’ll go into details during episode four of the webinar series on September 13, 2023 at 11am ET with Andrzej Skiba, Head of US Fixed Income and BlueBay Senior PM at RBC Global Asset Management, who assumed his role ten years ago and brings twenty-two years of credit and portfolio management experience. Please join us and interact with Andrzej as he shares his insight on the current market environment and where we are finding the most attractive risk-adjusted opportunities.
